Undertale

Undertale has made about $45.9M gross on Steam since September 2015, by our estimate, likely between $27.5M and $73.4M.

Developer
tobyfox
Released
Sep 15, 2015
Genres
RPG
  • PCWindows, macOS, Linux
  • Steam DeckPlayable
  • PlayStationPS4
  • XboxSeries X|S, One
  • NintendoSwitch
Undertale
Lifetime gross
~$45.9M
$27.5M–$73.4M
Last 30 days
~$470K
Gross revenue
Developer take-home
~$26.3M
After Valve’s cut
Estimated value
$9.48M
$5.22M–$13.8M
September 2026~$498Kdown14%vs prior monthValuedown19%vs a year agoBest monthNovember 2016 · ~$1.48Mnow 66% below

Monthly gross, estimated

From monthly reviews · ±40% a bar
View as table
MonthEstimated gross
Oct ’26$301K
Sep ’26$498K
Aug ’26$580K
Jul ’26$668K
Jun ’26$424K
May ’26$298K
Apr ’26$344K
Mar ’26$409K
Feb ’26$298K
Jan ’26$412K
Dec ’25$399K
Nov ’25$337K
Oct ’25$451K
Sep ’25$579K
Aug ’25$568K
Jul ’25$917K
Jun ’25$836K
May ’25$445K
Apr ’25$534K
Mar ’25$847K
Feb ’25$373K
Jan ’25$436K
Dec ’24$409K
Nov ’24$297K
Oct ’24$226K
Sep ’24$217K
Aug ’24$307K
Jul ’24$461K
Jun ’24$498K
May ’24$259K
Apr ’24$242K
Mar ’24$281K
Feb ’24$208K
Jan ’24$324K
Dec ’23$295K
Nov ’23$271K
Oct ’23$237K
Sep ’23$253K
Aug ’23$340K
Jul ’23$390K
Jun ’23$194K
May ’23$180K
Apr ’23$202K
Mar ’23$266K
Feb ’23$183K
Jan ’23$255K
Dec ’22$172K
Nov ’22$176K
Oct ’22$160K
Sep ’22$155K
Aug ’22$171K
Jul ’22$187K
Jun ’22$185K
May ’22$166K
Apr ’22$164K
Mar ’22$187K
Feb ’22$237K
Jan ’22$314K
Dec ’21$274K
Nov ’21$230K
Oct ’21$268K
Sep ’21$237K
Aug ’21$232K
Jul ’21$335K
Jun ’21$251K
May ’21$209K
Apr ’21$216K
Mar ’21$247K
Feb ’21$273K
Jan ’21$416K
Dec ’20$311K
Nov ’20$270K
Oct ’20$230K
Sep ’20$230K
Aug ’20$255K
Jul ’20$384K
Jun ’20$265K
May ’20$232K
Apr ’20$261K
Mar ’20$283K
Feb ’20$229K
Jan ’20$285K
Dec ’19$309K
Nov ’19$297K
Oct ’19$61.8K
Sep ’19$45.9K
Aug ’19$49.7K
Jul ’19$159K
Jun ’19$121K
May ’19$50.1K
Apr ’19$49.9K
Mar ’19$72.4K
Feb ’19$77K
Jan ’19$98.3K
Dec ’18$184K
Nov ’18$438K
Oct ’18$101K
Sep ’18$123K
Aug ’18$99.4K
Jul ’18$147K
Jun ’18$142K
May ’18$108K
Apr ’18$105K
Mar ’18$139K
Feb ’18$158K
Jan ’18$314K
Dec ’17$217K
Nov ’17$605K
Oct ’17$169K
Sep ’17$160K
Aug ’17$247K
Jul ’17$264K
Jun ’17$283K
May ’17$200K
Apr ’17$239K
Mar ’17$292K
Feb ’17$406K
Jan ’17$633K
Dec ’16$469K
Nov ’16$1.48M
Oct ’16$252K
Sep ’16$283K
Aug ’16$364K
Jul ’16$650K
Jun ’16$525K
May ’16$477K
Apr ’16$552K
Mar ’16$727K
Feb ’16$1.11M
Jan ’16$1.45M
Dec ’15$1.23M
Nov ’15$1.14M
Oct ’15$1.15M
Sep ’15$439K

Valuation

$3.12M trailing-year take-home

Value, month by month

$0$10M$20MSep ’15Dec ’17Mar ’20Jun ’22Sep ’24
View as table
Oct ’26$9.48M
Sep ’26$8.92M
Aug ’26$7.88M
Jul ’26$7.86M
Jun ’26$7M
May ’26$7.53M
Apr ’26$7.72M
Mar ’26$7.97M
Feb ’26$8.53M
Jan ’26$8.63M
Dec ’25$10.2M
Nov ’25$11.7M
Oct ’25$11.7M
Sep ’25$11.3M
Aug ’25$12M
Jul ’25$11.5M
Jun ’25$10.6M
May ’25$9.95M
Apr ’25$8.48M
Mar ’25$7.97M
Feb ’25$6.07M
Jan ’25$5.82M
Dec ’24$5.65M
Nov ’24$6.3M
Oct ’24$6.25M
Sep ’24$6.27M
Aug ’24$6.34M
Jul ’24$5.56M
Jun ’24$5.45M
May ’24$4.99M
Apr ’24$4.87M
Mar ’24$4.81M
Feb ’24$4.79M
Jan ’24$5.46M
Dec ’23$5.34M
Nov ’23$5.13M
Oct ’23$4.96M
Sep ’23$4.83M
Aug ’23$4.66M
Jul ’23$4.36M
Jun ’23$4.01M
May ’23$3.99M
Apr ’23$3.97M
Mar ’23$3.39M
Feb ’23$3.28M
Jan ’23$3.36M
Dec ’22$3.45M
Nov ’22$3.06M
Oct ’22$3.13M
Sep ’22$3.27M
Aug ’22$3.37M
Jul ’22$3.45M
Jun ’22$3.64M
May ’22$4.39M
Apr ’22$4.45M
Mar ’22$4.53M
Feb ’22$4.62M
Jan ’22$4.68M
Dec ’21$4.83M
Nov ’21$4.89M
Oct ’21$4.95M
Sep ’21$4.89M
Aug ’21$4.88M
Jul ’21$4.92M
Jun ’21$4.99M
May ’21$5.01M
Apr ’21$5.05M
Mar ’21$5.11M
Feb ’21$5.17M
Jan ’21$5.1M
Dec ’20$4.9M
Nov ’20$4.9M
Oct ’20$4.94M
Sep ’20$4.68M
Aug ’20$5.07M
Jul ’20$5.32M
Jun ’20$4.88M
May ’20$4.6M
Apr ’20$4.24M
Mar ’20$3.82M
Feb ’20$3.41M
Jan ’20$3.11M
Dec ’19$2.74M
Nov ’19$2.21M
Oct ’19$1.81M
Sep ’19$1.86M
Aug ’19$1.96M
Jul ’19$2.03M
Jun ’19$2.01M
May ’19$2.04M
Apr ’19$2.86M
Mar ’19$2.95M
Feb ’19$3.07M
Jan ’19$3.21M
Dec ’18$3.12M
Nov ’18$3.17M
Oct ’18$2.91M
Sep ’18$3M
Aug ’18$3.04M
Jul ’18$3.23M
Jun ’18$3.39M
May ’18$3.57M
Apr ’18$4.34M
Mar ’18$4.54M
Feb ’18$4.77M
Jan ’18$5.15M
Dec ’17$5.63M
Nov ’17$5.11M
Oct ’17$6.23M
Sep ’17$6.34M
Aug ’17$6.5M
Jul ’17$6.65M
Jun ’17$7.15M
May ’17$7.46M
Apr ’17$10.6M
Mar ’17$11.1M
Feb ’17$10.3M
Jan ’17$11.4M
Dec ’16$10.7M
Nov ’16$11.7M
Oct ’16$11.3M
Sep ’16$12.4M
Aug ’16$12.6M
Jul ’16$12.2M
Jun ’16$15.3M
May ’16$16.3M
Apr ’16$15.3M
Mar ’16$14.3M
Feb ’16$9.86M
Jan ’16$8.18M
Dec ’15$5.99M
Nov ’15$4.13M
Oct ’15$2.41M
Sep ’15$665K
What moves itFactor
Base multiple× trailing-12-month developer earnings2.20×
GenreRPG1.00×
MomentumLast 6 months at 126% of the prior 61.15×
Player sentiment96% positive reviews1.20×
ValueRange $5.22M–$13.8M$9.48M
How we value games

Estimate refreshed Oct 23, 2026. Estimates use the review-multiplier method and can be off by 40% or more either way.

gamesELO values are estimates of what games earn, for fun and comparison. They are not investments, nothing here is a security, and nothing is for sale.